S&P 500 Soars as U.S., China Agree to Slash Tariffs
By Jessica Menton"Investors and money managers are taking the worst case recession scenarios ... off the table," said one portfolio manager.
May 09, 2025
UBS in Talks to Sell Hedge Fund Unit to Cantor FitzgeraldUBS seeks to trim riskier businesses as it faces extra capital requirements of as much as $25 billion.
May 09, 2025
Cetera Taps Ex-Equitable Exec to Lead Branch Office ModelJohn Lefferts will oversee more than 450 advisors in Cetera Investors branch offices across the United States.
May 09, 2025
Vanguard, Blackstone, Wellington to Launch Private Markets FundThe firms have laid out plans for an interval fund.
May 09, 2025
LPL CEO Pledges Continuity for Commonwealth AdvisorsRich Steinmeier detailed the firm's efforts to woo them on LPL's Q1 earnings call.
May 09, 2025
Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With ItTrump has floated a new 39.6% tax bracket for individuals earning at least $2.5 million.
May 09, 2025
FINRA Suspends Rep for Unsuitable Annuity SwitchesThe rep recommended that customers exchange their existing variable annuities for a higher-cost L-share contract.
May 09, 2025
FINRA Working to Modify Firms' SEC Texting SettlementsFINRA will consult with the SEC to modify the "collateral consequences" of agreements made with 77 firms.